Is comprehensive car insurance the same as CTP?
It’s easy to confuse CTP insurance with comprehensive insurance but they are completely different. CTP is for people only and does not cover damage to any vehicles, yours or someone else’s. Comprehensive covers damage to your vehicle and others’ vehicles and property, but does not cover people.
Is CTP separate to comprehensive insurance?
Do I still need comprehensive insurance? Comprehensive insurance and CTP insurance are entirely different. CTP insurance does not cover damage to property, damage to vehicles or theft. Coverage for incidents such as those is generally included in comprehensive insurance.
Does comprehensive insurance include CTP AAMI?
Lucky for you, AAMI has your SA CTP needs covered. In New South Wales (where it’s better known as ‘Green Slip’) and Queensland, you must have CTP insurance before you can register your car.
Does NRMA comprehensive insurance include CTP?
Compulsory Third Party Insurance (CTP) is compulsory for all drivers. … But if you get a CTP Green Slip for your car with NRMA, we also give you Driver Protection Cover.
Do I need both CTP and comprehensive?
Every certified vehicle has to be covered by CTP insurance, whereas comprehensive car insurance is optional. CTP insurance only protects you from the personal injury liability that might arise if you injure anyone involved in an accident you caused.
What is comprehensive insurance NSW?
Comprehensive Car Insurance is a type of insurance that gives you cover for damage to your car and damage caused to other vehicles and property, as well as cover for theft, fire and malicious damage.
What is considered comprehensive coverage?
Comprehensive coverage helps cover the cost of damages to your vehicle when you’re involved in an accident that’s not caused by a collision. Comprehensive coverage covers losses like theft, vandalism, hail, and hitting an animal.
Does comprehensive insurance cover other cars?
Comprehensive insurance, sometimes referred to as ‘fully comp’, will cover the cost to fix any damage to your car as well as other vehicles that were involved in the accident, whether it was your fault or not.
How do I know if I have CTP insurance?
Your CTP insurance payment is included in the cost of your motor vehicle registration. If your vehicle is registered in Queensland, you will have CTP insurance. When you buy any Queensland registered new or used vehicle, the CTP insurance transfers to you.
Can you bundle CTP and comprehensive insurance?
When you combine GIO Platinum or GIO Comprehensive Car Insurance with a GIO NSW CTP Green Slip on the same car, with the same registration, you may be eligible for a $50 discount on your next GIO Platinum or GIO Comprehensive premium.
Is comprehensive car insurance full coverage?
Comprehensive insurance is a separate type of coverage from collision insurance that protects your car from things like falling objects, theft, and vandalism. Collision and comprehensive insurance are often combined to protect a vehicle against most forms of damage, as part of so-called “full coverage.”